Power Investment Might Lead to Electricity Oversupply-China

[Fellow]It must be alerted at present that power investment might usher in a new round of boom after years of peace.

[Ferro-alloys.com]It must be alerted at present that power investment might usher in a new round of boom after years of peace.

Common consensus is that China’s economic development has entered a shifting period and economic growth will slow down. Meanwhile, several coastal nuclear power projects will start and National Energy Administration delegated the approval right of thermal power projects recently. Under this condition, it’s concerned that this might lead to power oversupply in the next few years.

In 2013, China’s power consumption increased by 7.5% but in 2014 power consumption increase might be less than 7%. Meanwhile, generation capacity of thermal power, hydroelectricity, wind power and photovoltaic power grows fast.